This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not ... (Read 85 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jul 11, 2018
James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not accessible if an emergency arises. His insurance agent said that a rider could be attached to his annuity to address this concern. The rider is a(n)
 
  A) partial cash withdrawal rider.
  B) return of premium rider.
  C) guaranteed purchase option rider.
  D) waiver-of-premium rider.

Question 2

Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the annuity terminates. Agnes and Mary Clare own a(n)
 
  A) flexible premium annuity.
  B) joint life annuity.
  C) longevity annuity.
  D) joint-and-survivor annuity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


daltonest1984

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jul 11, 2018
Thank you


Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jul 11, 2018
No problemo


« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

The Greek orders, from James Stuart, The Antiquities of Athens, London. The Greek orders, from James Stuart, The Antiquities of Athens, London.
Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome
A 31.1-g sample of Ne gas exerts a certain pressure in a container of fixed volume. What mass ... A 31.1-g sample of Ne gas exerts a certain pressure in a container of fixed volume. What mass ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Gerbera james-onii Gerbera james-onii
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library